FOR IMMEDIATE RELEASE
PSC Issues important reminders for
Grain Producers and Dealers
Lincoln, February 4, 2021 – The Nebraska Public Service
Commission (PSC) wants to remind producers and dealers
of the importance of familiarizing themselves with Nebraska
Grain laws when it comes to grain dealers.
It is important for a producer/seller to ensure they are working
with a grain dealer licensed to do business in the state of
Nebraska. A list of grain dealers licensed in Nebraska can be
found on the Grain Department page of the PSC website. If a
grain dealer is not licensed in Nebraska and the producer sells
grain to that dealer, the producer will have no protection under
Nebraska law.
The PSC reminds grain dealers state law (§75-903.) requires
them to hold a Nebraska license in order to do business with
producers/sellers from Nebraska.
Under the Grain Dealer Act if a producer/seller wants to
ensure their transactions with a grain dealer are covered by
the grain dealer’s security posted with the PSC, they must
demand payment within 15 days of completion of their
contract with the dealer. Producers/sellers who choose not
to demand payment within 15 days after completion of their
contract will be unsecured creditors of that dealer and forfeit
any protection from the grain dealer’s security.
Information for grain dealers, producers/sellers and grain
warehouses can be found on the Grain Department page
of the PSC website. Questions can be emailed to
psc.grain@nebraska.gov ###
Contact:
Deb Collins- Media & Communications Mgr.
(402) 471-0226
deb.collins@nebraska.gov
